Minnesota

State in United States

Exports (2019): $22.1B, Rnk 21/53

Top Destination (2019): $4.74B, Canada

Top Export (2019): $792M, Needles, catheters, cannulae etc, (medical)

Imports (2019): $30B, Rnk 20/53

Top Origin (2019): $9.35B, Canada

Top Import (2019): $5.01B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.35, Rnk 20 / 53

Overview: This page contains the latest international trade data for Minnesota, including export and import data.

Exports: In 2019, United States' Minnesota exported $22.1B, making it the 21st largest exporter out of the 53 exporters in United States. In 2019 the top exports of Minnesota were Needles, catheters, cannulae etc, (medical) ($792M), Prisms, mirrors and optical elements nes,... ($677M), Iron ore, concentrate, not iron pyrites,... ($569M), Instruments, appliances for medical, etc science,... ($462M), and Aircraft parts nes ($459M).

Imports: In 2019, United States' Minnesota imported $30B, making it the 20th largest importer out of the 53 importers in United States. In 2019 top imports of Minnesota were Petroleum oils, oils from bituminous minerals,... ($5.01B), Tricycles, scooters, pedal cars and similar... ($868M), Reception apparatus for television, whether or... ($747M), Pacemakers for stimulating heart muscles ($677M), and Commodities not specified according to kind ($644M).

Economic Complexity: In 2019, the highest complexity exports of Minnesota according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (2.04), Machinery Having Individual Functions (2.02), Rolling Machines (1.93), Photographic Film (1.89), and Chemical Analysis Instruments (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth
Year

Top Destination (2019): Canada, $4.74B

Top Product (2019): Needles, catheters, cannulae etc, (medical), $792M

In 2019 the top export destinations of Minnesota were Canada ($4.74B), Mexico ($2.43B), China ($2.13B), Japan ($1.53B), and Germany ($1.13B).

In 2019 the top exports of Minnesota were Needles, catheters, cannulae etc, (medical) ($792M), Prisms, mirrors and optical elements nes,... ($677M), Iron ore, concentrate, not iron pyrites,... ($569M), Instruments, appliances for medical, etc science,... ($462M), and Aircraft parts nes ($459M).

Export Dynamics

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Fastest Growing Exports Destination (September 2019 - September 2020)

Rapidly Declining Export Origins (September 2019 - September 2020)

Yearly Imports

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Value
Depth
Year

Top Origin (2019): Canada, $9.35B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., $5.01B

In 2019 the top import origins of Minnesota were Canada ($9.35B), China ($8.86B), Mexico ($2.36B), Germany ($1.05B), and Ireland ($1.02B).

In 2019 the top imports of Minnesota were Petroleum oils, oils from bituminous minerals,... ($5.01B), Tricycles, scooters, pedal cars and similar... ($868M), Reception apparatus for television, whether or... ($747M), Pacemakers for stimulating heart muscles ($677M), and Commodities not specified according to kind ($644M).

Import Dynamics

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Fastest Growing Import Origins (September 2019 - September 2020)

Rapidly Declining Import Origins (September 2019 - September 2020)

Comparison in Time

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Value

This section shows differences between total trade from Minnesota throughout time.

This section shows forecasts for total exports and imports from Minnesota. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of United States

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Minnesota ranks 20th out of the 53 states and territories in United States according to ECI.

Estimated using exports data.

Discover Economic Complexity

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Minnesota already has a comparative advantage, are led by Nickel Bars (0.3), Hormones (0.3), Sulfite Chemical Woodpulp (0.3), Electric Soldering Equipment (0.3), and Newspapers (0.29).

Most Complex Products by PCI

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The highest complexity exports of Minnesota according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (2.04), Machinery Having Individual Functions (2.02), Rolling Machines (1.93), Photographic Film (1.89), and Chemical Analysis Instruments (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Tensile Testing Machines (53.6), Starch Residue (38.9), Abrasive Powder (38.1), Breathing Appliances (37.5), and Dissolving Grades Chemical Woodpulp (36.8).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Minnesota is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Minnesota. These are products that tend to be co-exported with the products that Minnesota exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth
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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.